Committees Board of Directors

Presidential Committee & Cover Pool Commitee

 

Tasks of the Presidential Committee
The Chairman’s Committee is composed of the Chairman and the Vice Chairman of the Board of Directors and is chaired by the Chairman of the Board of Directors. The Executive Committee has the following tasks:
– Ensuring the exchange of information with the Managing Director in an advisory capacity.
– Monitoring and supervising corporate governance.

– Monitoring the implementation of the strategy adopted by the Board of Directors and the business activities of the Executive Board in accordance with Art. 15 of the Organizational Regulations.

– Approval of investment limits in accordance with Art. 11 of the Investment Regulations and decisions regarding measures in the event that warning limits are passively exceeded in accordance with Art. 5 of the Investment Regulations and regarding measures in the event of an adjustment to the list of securities eligible for SNB repos in accordance with Art. 12 of the Investment Regulations.

– Reporting to the entire Board of Directors.

Tasks of the Cover Pool Committee
The Cover Committee is made up of two members of the Board of Directors who are familiar with the mortgage business. It has the following tasks:
– Ensuring the exchange of information with the Managing Director in an advisory capacity
– Checking the cover values of pledged properties, including inspections.
– Verification of the existence of legal cover on the mortgage bonds in accordance with Art. 9 PfG (serial verification). – Checking that the cover is up to date. – Approval of “Valuation regulations supplements” and “Manual for the pledge registrar”.

Further Committees

In view of our simple business model and the tight framework conditions, the tasks relating to nominations, compensation, sustainability and audit are handled by the full Board of Directors.